Goodwill Works Foundation Inc

Analysis

Goodwill Works Foundation Inc is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goodwill Works Foundation Inc reported income of $806k and spending of $2.1m, spending 260% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $806k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2020, when income rose by 962%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodwill Works Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include Mercer County Opportunity Industries Inc ($806k), Enterprise Development Fund of Erie County Inc ($807k) and Community Inclusion & Development Alliance Inc ($806k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $6.2m against liabilities of $144k, net assets of $6.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.